A put diagonal calendar spread which is designed to profit on the expectation that the underlying would break out in…

An abbreviation for non-equity option; an option that is written on foreign currencies, bonds, and other debt issues, commodities, metals…

A type of guaranty that involves securing a person’s physical presence at a specified place and time. It is established…

The price differential between ten-year Treasury note futures and Treasury bond futures. Realizing profits from taking a view on this…

In Arabic musharaka (مشاركة). It is a partnership mode of Islamic finance in which partners contribute equal or unequal ratios…

An FRN that is embedded with caps or collars (caps and floors) so that the floating rate movement (adjustment) is…

An agency in which remuneration (ajr or iwadh) is explicitly stipulated and specified in the agency contract (aqd al-wakalah/ aqd…

In the case of a call option, it is the amount that results from subtracting the strike price and the…

Arabic (متولي الوقف) for the administrator/manager/trustee/superintendent of waqf (Islamic endowment); the custodian of an endowment (waqf) who undertakes responsibility for management…

An interest rate floor that consists of a number of floorlets along with a prespecified limit. It is designed to…